Hsbc Holdings PLC Raises Holdings in CDW Corporation $CDW

Hsbc Holdings PLC raised its stake in CDW Corporation (NASDAQ:CDW) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 782,147 shares of the information technology services provider’s stock after acquiring an additional 3,517 shares during the quarter. Hsbc Holdings PLC’s holdings in CDW were worth $110,406,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Allied Private Wealth LLC acquired a new position in CDW in the 2nd quarter valued at $28,000. Keating Financial Advisory Services Inc. purchased a new position in shares of CDW in the 2nd quarter worth about $28,000. Hollencrest Capital Management raised its holdings in CDW by 909.1% in the first quarter. Hollencrest Capital Management now owns 222 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 200 shares during the period. Root Financial Partners LLC raised its stake in shares of CDW by 54.7% in the 1st quarter. Root Financial Partners LLC now owns 263 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 93 shares during the period. Finally, Compass Financial Management LLC purchased a new position in CDW in the second quarter valued at about $55,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Stock Performance

Shares of CDW stock opened at $152.38 on Monday. CDW Corporation has a fifty-two week low of $97.12 and a fifty-two week high of $171.55. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 1.97. The business has a fifty day simple moving average of $139.96 and a 200-day simple moving average of $129.25. The firm has a market cap of $19.05 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.00 and a beta of 0.95.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.11. The company had revenue of $6.57 billion for the quarter, compared to analysts’ expectations of $6.21 billion. CDW had a net margin of 4.60% and a return on equity of 50.61%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.60 EPS. On average, equities analysts forecast that CDW Corporation will post 10.33 EPS for the current fiscal year.

CDW Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, August 25th will be given a $0.63 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. CDW’s dividend payout ratio (DPR) is 30.29%.

Insider Activity at CDW

In other news, insider Elizabeth Connelly sold 26,695 shares of CDW stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $137.62, for a total value of $3,673,765.90. Following the transaction, the insider directly owned 34,215 shares of the company’s stock, valued at $4,708,668.30. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.82% of the stock is currently owned by insiders.

Trending Headlines about CDW

Here are the key news stories impacting CDW this week:

• Positive Sentiment: AI-services acquisition strengthens growth strategy: CDW agreed to acquire Lovelytics, a data and AI services firm, for approximately $525 million. The deal is intended to expand CDW’s capabilities in data analytics, artificial intelligence and related consulting services, potentially increasing its exposure to customers investing in AI transformation. CDW Agrees to Acquire Lovelytics CDW To Acquire Lovelytics For Approximately $525 Million
• Positive Sentiment: Broader AI demand may support CDW: Coverage of CDW’s expanding AI expertise, along with articles discussing agentic AI adoption in K–12 IT departments and preparations by federal agencies for AI disruption, points to growing demand for AI implementation and support services across public-sector and enterprise customers. CDW Expands AI Expertise How Agentic AI Can Supplement K–12 IT Help Desks
• Positive Sentiment: Analyst sentiment remains constructive: CDW received a consensus “Moderate Buy” rating, while a Zacks review notes the stock’s strong performance since its latest earnings report. The previous quarter also featured earnings and revenue above consensus estimates, reinforcing the favorable backdrop. CDW Receives Consensus Moderate Buy Rating Why Is CDW Up Since Its Last Earnings Report?
• Negative Sentiment: Deal execution is the main risk: The roughly $525 million Lovelytics purchase increases CDW’s capital commitment and introduces integration risk. Investors will likely watch the transaction’s funding, timing and contribution to revenue and earnings before assigning greater value to the AI strategy. CDW To Acquire Lovelytics To Expand Data And AI Services

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CDW. Royal Bank Of Canada upgraded shares of CDW to an “outperform” rating and set a $130.00 price objective on the stock in a research note on Wednesday, May 27th. Citigroup upped their price objective on CDW from $123.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Morgan Stanley increased their target price on shares of CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings raised CDW from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Finally, JPMorgan Chase & Co. upgraded shares of CDW from a “neutral” rating to an “overweight” rating and set a $130.00 price objective on the stock in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

CDW Company Profile

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.